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Inflation Will Be Higher by Year’s End; US Debt Tops Economic Hurdles: Peter SchiffJan 25, 2023 - 05:52:19 PST
Outspoken economist Peter Schiff of Euro Pacific Capital shares his warnings with FOX Business on the debt ceiling and addresses why inflation is not really easing.
The U.S.’s largest private employer has sought to close the gap with rivals as workers remain scarce.
Refining margins are on the rise as more plants undergo outages due to accidents or delayed maintenance due to the pandemic.
In the old days, shopping for groceries used to be a joy. By old days, I mean two years ago. Now, it is shocking and miserable. You look at these prices and wonder if you can even afford normal foods we took for granted.
During the past few weeks, the Techno King, as he's known at Tesla, has lashed out at Anthony Fauci, the immunologist who was the face of America's response to the Covid-19 pandemic. "WEF is increasingly becoming an unelected world government that the people never asked for and don’t want," the tech tycoon blasted out on Jan. 18.
Google CEO Pichai Joins JPMorgan’s Jamie Dimon and Apple’s Tim Cook in Taking a Compensation HitJan 25, 2023 - 05:33:06 PST
Last week Google’s parent company, Alphabet, announced that it would cut 12,000 jobs across the company. The news was unexpected for many employees, some of whom took to social media to describe the process as “random” and say they felt “100% disposable.”
Earnings reports from companies such 3M, Boeing and chipmaker Texas Instruments also reinforced concerns about the health of corporate America and added to investors’ jitters as they await updates from the likes of Tesla and IBM. Fears also grew that a decision to send German and US tanks to Ukraine would provoke an escalation in the war.
Petrodollar on Shaky Ground; Saudi Arabia Willing to Discuss Selling Oil in Other CurrenciesJanuary 25, 2023
In a recent interview, Saudi Arabia Finance Minister Mohammed Al-Jadaan said the country is open to discussing trade in currencies other than the US dollar. This could mark the beginning of the end of petrodollar exclusivity. That would be a huge blow to dollar dominance.
As we've reported central banks globally have been piling in gold. The question is why?
For the first time ever, the money supply contracted on an annual basis in 2022.The seasonally adjusted Money Supply in December was negative for a fifth consecutive month, coming in at -$147B. This was the largest monthly contraction in M2 going back to 1959. This type of contraction typically does not happen!
Gold deliveries in January have reached 6,327 contracts with only 178 remaining in open interest. While this fell shy of the last five minor months, there are a few signs that are noteworthy.First, the delivery volume was greater than last January. This is important because January is typically a slow month after the major December contract.
Fight!The kids are throwing punches in the halls of Congress and there doesn't seem to be a responsible adult willing to step in to stop it.We're talking about the debt ceiling fight that kicked off last week when the US government bumped up against its statutory borrowing limit.
Policy wonks and government people come up with some really dumb ideas. And a lot of those dumb ideas just won't go away.Now that we're in the early stages of the fake debt ceiling fight, a really dumb idea has been resurrected from the dead - the trillion-dollar coin.
GET READY FOR A SLEW OF NEGATIVE GREEN ENERGY RESULTS: General Electric Reports Miserable Renewable Energy Financials For 2022January 25, 2023
No one likes a LOSER, especially General Electric. However, GE will have to get used to it if the company continues to produce wind turbines for the market. GE just reported its yearend report, and its renewable energy sector results were miserable, the only sector in the RED...
Ongoing inflationary pressures and increasing risk the federal government could default on its loans will likely see Wall Street traders rush to precious metals in 2023.
Jan 24, 2023 - 13:23:41 PST
Investors in India Have Purchased Nearly 730 Million Ounces of Physical Silver Since 2010
(Washington, DC – January 23, 2023) India’s enduring affection for silver underscores the country’s importance to the global silver marketplace. As the world’s sixth-largest economy and foremost silver fabricator, India also plays an essential role in silver and gold investment demand, ...
Join Mike Maloney for a fascinating look at the performance of physical gold and silver in relation to the mining companies that dig it up and bring it to market.
Jan 24, 2023 - 13:20:51 PST
Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs in 2022, Swiss customs data showed on Tuesday, as low prices boosted demand from consumers in Asia and the Middle East.
Gold prices ended Tuesday at a fresh nine-month high as expectations for smaller U.S. interest-rate hikes helped bolster the yellow metal while weighing on the dollar.
Blank Check? Democrats Want To Totally Eliminate Debt Ceiling With New BillJan 24, 2023 - 13:16:27 PST
A group of 43 Democrats want to completely eliminate the debt ceiling, which they say Republicans have 'weaponized' - which would give the government a blank check to borrow without any limit from Congress.